2025-10-29T06:53:52-05:00 2024-12-31 934967814 ATA Advisory LLC 2070 Rhino Crossing Milan TN 38358 990 2024-01-01 620681671 Leaders Credit Union LEAD 7316641784 87 Murray Guard Drive Suite A Jackson TN 383053774 Seth Rudd CFO 7316641784 2025-10-29 1 1 Jack Matthis P00669228 7316868371 2025-10-28 2024 2025-03-06 01:10:19Z Todd Swims 87 Murray Guard Drive Suite A Jackson TN 38305 93452474 0 X www.leaderscu.com X 1957 TN State chartered credit union that provides financial services to members in the form of loans, share accounts, and other financial institutional services. 10 10 245 0 239094 0 0 0 47823510 61895648 2426685 4539974 25104268 26897540 75354463 93333162 250200 283200 0 0 18563340 21407615 0 0 0 41644505 55848061 60458045 77538876 14896418 15794286 988714205 1142982611 881334281 1019762711 107379924 123219900 X State chartered credit union that provides financial services to members in the form of loans, share accounts, and other financial institutional services. 0 0 Provision of financial services to members in the form of loans, share accounts, and other financial institutional services (78,996 members). Provision of financial services to members in the form of loans, share accounts, and other financial institutional services. 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 20972 0 1 245 1 1 1 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 0 0 1 1 0 X Todd Swims 7316641784 87 Murray Guard Drive Suite A Jackson TN 38305 Dave Bratcher Board Member 2.00 X 0 0 0 Rusty Butcher Board Member 2.00 X 0 0 0 Ricky Catlett Board Member 2.00 X 0 0 0 Eddie Hays Board Member 2.00 X 0 0 0 Currie Higgs Board Member 2.00 X 0 0 0 Carolyn Hill Board Member 2.00 X 0 0 0 Diane Kelley Board Member 2.00 X 0 0 0 Kirk Newcom Board Member 2.00 X 0 0 0 Bart Teague Board Member 2.00 X 0 0 0 Todd Swims Manager/CEO 40.00 X 953551 0 59613 Spencer Pratt Executive VP 40.00 X 425818 0 64649 Seth Rudd CFO 40.00 X 397697 0 66019 Ryan Platt CIO 40.00 X 281365 0 59036 Chris Gray VP Mortgage 40.00 X 305332 0 62631 Leigh Anne Bentley VP Marketing 40.00 X 225936 0 45414 Joel Wyatt Chief Lending Office 40.00 X 222424 0 50212 Karen Freeman COO 40.00 X 213793 0 48900 Hinna Jamal Sales Strategy Officer 40.00 X 178480 0 14061 3204396 0 470535 9 0 1 0 PSCU 560 Carillon Parkway St Petersburg FL 33716 Debit/Credit Card Services 3334503 Fisher Construction Company 1167 Williamson St Milan TN 38358 Construction 2291773 Moss Carpenter Construction Company Inc 9700 Village Cir Suite 300 Lakeland TN 38002 Construction 1910289 Fiserv PO Box 745148 Atlanta GA 30374 Data Processing 1437456 NCR CorporationDragon Buyer Inc PO Box 740641 Los Angeles CA 90074 Home Banking Services 1219375 42 Int On Indirect Auto - Used 522100 23725324 23725324 INT ON USED VEHICLE LOANS 522100 6651891 6651891 INT ON INDIRECT AUTO - NEW 522100 6167305 6167305 Interest Indirect Used Auto Lp 522100 5884686 5884686 INT ON HELOC LOANS 522100 3996136 3996136 15470306 15470306 61895648 3854380 3854380 221332 75464 145868 145868 145868 729442 43848 685594 685594 685594 Debit Card I/C Income 522100 5788271 5788271 Loan Orig Fees-Secondary Market 522100 4971061 4971061 OD/CP Fees 522100 3321188 3321188 12671152 12432058 239094 26751672 93333162 92948200 239094 145868 283200 283200 3204396 3204396 14240763 14240763 1557997 1557997 1212459 1212459 1192000 1192000 29481 29481 125797 125797 879064 879064 1533825 1533825 1281799 1281799 2319754 2319754 886814 886814 328385 328385 81768 81768 30746747 30746747 1455885 1455885 307047 307047 PROVISION FOR LOAN LOSS 5180000 5180000 ATM/POS Card Expense 3705830 3705830 HOME BANKING EXPENSES 1499754 1499754 OTHER EXPENSES 865623 865623 4620488 4620488 77538876 77538876 0 0 7018263 6280953 66843341 77576131 850535114 981107154 6797000 6797000 10345 6520 2003094 4360336 37201823 10035470 22519425 27166353 5439663 5580953 27547960 34107211 988714205 1142982611 6079903 8122893 191341 154838 31366600 41015193 843696437 970469787 881334281 1019762711 X 0 0 51278546 57067627 56101378 66152273 107379924 123219900 988714205 1142982611 15794286 45690 0 X 0 1 X 1 0 1000 0 1000 1000 1 Tennessee Credit Union League Tennessee Credit Union League PO Box 21550 PO Box 21550 Chattanooga TN 37424 422728395 1000 293869 9400562 9694431 1969486 17120709 6274504 12815691 25204 11457 13747 5673821 3749509 1924312 2718172 2718172 27166353 Prepaid Card Balance Outstanding 3357 REGULAR DRAFT ACCOUNTS 2367 SIMPLY FREE DRAFT ACCOUNTS 46690053 INDEPENDENT NATION STUDENT DRAFT 1648759 BACK TO BASICS DRAFT 490367 ESSENTIAL BUSINESS CHECKING 1008092 REGULAR SHARE ACCOUNTS 80463648 STABILITY BUSINESS DRAFT 4049333 LEADING EDGE BUSINESS DRAFT 5879662 BUSINESS SHARE ACCOUNTS 1311221 Equity Smartline Checking 86275 Member Rewards Checking 65038051 VACATION CLUB ACCOUNTS 732244 CHRISTMAS CLUB ACCOUNTS 1003999 RATE-FLEX SAVINGS 2138 Fast Forward Savings 11379791 SIDE SHARE ACCOUNTS 3914720 PLATINUM SHARE ACCOUNTS 20586 Champion High Yield Savings Account 245959790 Business High Yield Savings Account 5760247 Future Leaders Savings Account 2297047 IRA SHARE ACCOUNTS 198211 EDUCATION /ROTH IRA 22489 IRA SHARE-ROTH 38557 IRA MM-TRADITIONAL 4917624 IRA MM-ROTH 352226 SFCU EMPLOYEE SEP 7222 12 MONTH IRA CERTIFICATES 9371258 24 MONTH IRA CERTIFICATES 964443 36 MONTH IRA CERTIFICATES 530430 48 MONTH IRA CERTIFICATES 152426 60 MONTH IRA CERTIFICATES 559690 Forward Flex Traditional IRA 455413 12 MONTH ROTH IRA CERTIFICATES 960352 24 MONTH ROTH IRA CERTIFICATES 99164 36 MONTH ROTH IRA CERTIFICATES 101011 48 MONTH ROTH IRA CERTIFICATES 41292 60 MONTH ROTH IRA CERTIFICATES 37218 Forward Flex Roth IRA 14562 60 MONTH EDUCATIONAL ROTH IRA CERTS 1610 3 MONTH CERTIFICATES 262195 6 MONTH CERTIFICATES 4845545 12 MONTH CERTIFICATES 97617550 24 MONTH CERTIFICATES 22710876 36 MONTH CERTIFICATES 36125998 48 MONTH CERTIFICATES 3163222 60 MONTH CERTIFICATES 91502369 6 MONTH CERTIFICATES EMPLOYEE 1348529 MONEY MARKET CERTIFICATE 28228099 15 MONTH CERTIFICATES 553930 24 Month Certificate-Variable 605222 Welcome 12 Month Special Certificat 423644 11 Month Certificate 186515663 970469787 X 93269502 0 93269502 63660 63660 93333162 77475212 0 77475212 63664 63664 77538876 Part X, Line 2: Schedule D, Part X, Line 2 - The Credit Union is exempt, by statute, from federal and state income taxes on business related income. The Credit Union and its subsidiary file an informational return with the Internal Revenue Service. The Credit Union accounts for uncertain tax positions in accordance with GAAP. There were no uncertain tax positions reported in 2023 or 2022 in the consolidated financial statements. In the event of an uncertain tax position, the Credit Union would record interest expense and penalties related to uncertain tax positions as interest expense and other noninterest expense, respectively. Part XI, Line 4b - Other Adjustments: Rental expenses netted against rental income 63,660. Part XII, Line 4b - Other Adjustments: Rental expenses netted against rental income 63,660. Rounding 4. 0 Greater Jackson Area Chamber 197 Auditorium St Jackson TN 38301 620154490 501c6 7200 0 Book Forward Jackson Jackson-Madison Co School System 310 N Parkway Jackson TN 38305 626000732 JMCSS 10000 0 Book Teacher Inservice Leaders Education Foundation PO Box 10144 Jackson TN 383080102 843226843 501c3 200000 0 Book Scholarships/Grants Community Foundation of West Tennessee 74 Directors Row Jackson TN 38305 581671241 501c3 33000 0 Book Community Outreach West Tennessee Healthcare Hope & Healing Foundation 569 Skyline Drive Suite 200 Jackson TN 38301 931549766 501c3 33000 0 Book Community Outreach 3 2 Schedule I, Part I, Line 2 Procedures for Monitoring the Use of Grant Funds Greater Jackson Area Chamber of Commerce - Forward Jackson campaign provides an annual report and is audited annually by a third party accounting firm. Jackson-Madison County School System - Leaders CU staff attends the inservice event that we sponsor. Any money not used for the day's event goes to their general fund. Leaders Education Foundation - Leaders CU is provided a copy of the annual report from the Leaders Education Foundation annually. The annual report showcases all funds distributed throughout the coverage area and provides financial accounting for all of the membership. The Foundation also holds an annual meetings that Leaders CU attends. Community Foundation of West Tennessee - Provides education and outreach to support various Community initiatives. West Tennessee Healthcare Hope & Healing Foundation - Provides education and outreach to support the minitry of health and healing throughout West Tennessee. X X X X 1 1 X X X X 0 1 0 Todd Swims Manager/CEO 517830 0 201984 0 233737 0 48046 0 11567 0 1013164 0 0 0 Spencer Pratt Executive VP 301878 0 88750 0 35190 0 47774 0 16875 0 490467 0 0 0 Seth Rudd CFO 281803 0 82848 0 33046 0 49144 0 16875 0 463716 0 0 0 Chris Gray VP Mortgage 236699 0 43093 0 25540 0 45756 0 16875 0 367963 0 0 0 Ryan Platt CIO 217352 0 32948 0 31065 0 42161 0 16875 0 340401 0 0 0 Joel Wyatt Chief Lending Office 177742 0 26944 0 17738 0 33337 0 16875 0 272636 0 0 0 Leigh Anne Bentley VP Marketing 176156 0 26461 0 23319 0 33847 0 11567 0 271350 0 0 0 Karen Freeman COO 169530 0 25699 0 18564 0 32025 0 16875 0 262693 0 0 0 Hinna Jamal Sales Strategy Officer 137000 0 21450 0 20030 0 0 0 14061 0 192541 0 0 0 Schedule J, Part I, Line 1a Schedule J, Part I, Line 1a - Directors of the Credit Union and executives attend certain seminars and events that were for the business purposes of the Credit Union. Spouses of certain directors and executives also went on these trips and certain travel expenses were paid for by the Credit Union. The Credit Union was reimbursed by the directors, the expense was offset by mileage expense owed to the directors, and/or the spouse expense was reported to the spouse on a 1099-MISC. The executive's spouse travel expense was grossed up and reported as compensation on the executive's W-2. Country Club dues were paid on behalf of the CEO and were grossed up and reported as compensation on the CEO's W-2. Schedule J, Part I, Line 3 - Human resource manager uses Compease salary administration program to determine responsibilities and compensation for employees at all levels. Compease uses industry specific job descriptions, evaluation system, and geographic salary ranges to develop compensation ranges. A compensation committee approves overall salary budget and CEO compensation based on Compease research. Schedule J, Part I, Line 4 - The Executive VP and CFO of the Credit Union participated in a 457(f) plan. Schedule J, Part I, Line 3 Schedule J, Part I, Line 3 - Human resource manager uses Compease salary administration program to determine responsibilities and compensation for employees at all levels. Compease uses industry specific job descriptions, evaluation system, and geographic salary ranges to develop compensation ranges. A compensation committee approves overall salary budget and CEO compensation based on Compease research. Schedule J, Part I, Line 4 Schedule J, Part I, Line 4 - The Executive VP and CFO of the Credit Union participated in a 457(f) plan. Todd Swims Manager/CEO Collateralized Loan X 6797000 6797000 0 1 1 6797000 Form 990, Part VI, Section A, line 6 Form 990, Part VI, Section A, Line 6 - Because Leaders Credit Union is considered a mutual entity, members are considered individuals or businesses that qualify for membership. Anyone living, working,worshipping, or attending school in Madison, Chester, Dyer, Haywood, Lake, Lauderdale, or McNairy Counties in Tennessee, Crittendon County in Arkansas, or in certain parts of Carroll, Crockett, Fayette, Gibson, Hardeman, Henderson, Henry, Shelby, Tipton, and Weakley Counties inTennessee; employees working at one of our Select Employee Groups (SEGs); and employees or members of one of our Associated Groups are eligible formembership. The credit union is a not-for-profit corporation with members. The members elect the members of the board of directors (governing body) and the governing body is not the organization's only members. The memberscan receive a share of the organization's profits or a share of theorganization's net assets upon dissolution. Form 990, Part VI, Section A, line 7a Form 990, Part VI, Section A, Line 7a - A quorum of members at the annual meeting elect one or more members of the board of directors (governing body) as vacancies arise, based on nominations of the nominating committee. Form 990, Part VI, Section A, line 7b Form 990, Part VI, Section A, Line 7b - A quorum of members at the annual meeting elect one or more members of the board of directors (governing body) as vacancies arise, based on nominations of the nominating committee. Form 990, Part VI, Section B, line 11b Form 990, Part VI, Section B, Line 11b - The IRS form was prepared by a third party accounting firm and reviewed by the accounting manager and CFO prior to submission to the IRS. A copy was provided to the board after filing. Form 990, Part VI, Section B, line 12c Form 990, Part VI, Section B, Line 12c - Conflicts of Interest Policy enforcement is the responsibility of the Internal Compliance Officer that reports directly to the Supervisory Committee regarding any exceptions to policy. Additionally, the board and management of the Credit Union review and address potential conflicts of interest should they arise. Form 990, Part VI, Section B, Line 13 - We do not have a specific Whistleblower Policy but there are sections within the Employee Handbook that cover reporting conduct or violations. Form 990, Part VI, Section B, Line 14 - We do not have a written Document Destruction Policy. However, we follow the rules of the Department of Financial Institutions Retention of Records Chapter 0180-2 found on theTennessee Department of Financial Institutions website. Form 990, Part VI, Section B, line 15 Form 990, Part VI, Section B, Line 15 - Human resource manager uses Compease salary administration program to determine responsibilities and compensation for employees at all levels. Compease uses industry specific job descriptions, evaluation system, and geographic salary ranges to develop compensation ranges. A compensation committee approves overall salary budget and CEO compensation based on Compease research. Form 990, Part VI, Section C, line 19 Form 990, Part VI, Section C, Line 19 - The organization's governing documents and conflicts of interest policy are available to the public upon request. The financial statements are posted annually in the lobby at 214 Oil Well Rd. in Jackson, TN. Leaders Edge LLC Murray Guard Drive Suite A Jackson TN 38305 455571653 Lending TN 239094 61226 N/A